Nickel Creek Platinum

Overview

Future demand for nickel is projected to reach an all-time high, with much of that growth coming from the electric vehicle (EV) industry. Within that industry alone, global nickel demand is expected to reach 4.3 million metric tons by 2027. Nickel is an important component of EV batteries, and as EVs replace the majority of gas-powered vehicles, EV batteries will take a 41 percent share of nickel demand by 2040.

Nickel Creek Platinum’s Nickel Shäw project contains 2.47 billion pounds of contained nickel in measured and indicated mineral resource categories. PGMs account for approximately a quarter of the project’s resources and represent one of the larger PGM resources outside of South Africa and Russia. Copper, which is also critical to the electric vehicle infrastructure, accounts for 13 percent, while cobalt, another necessary metal for the battery market, makes up 7 percent of the project’s resource.

Nickel Creek Platinum benefits from the support of the Yukon government and maintains a strong relationship with the Kluane First Nation and the local community for the Nickel Shäw project. An advisory committee facilitates communication between the company and the local community to address any issues or concerns regarding the project. Nickel Creek also offers community support, training and employment opportunities.

With a strong commitment to ESG, Nickel Creek continues to collect baseline environmental data on the Nickel Shäw for permitting purposes. Through a study led by the research team at the University of British Columbia’s CarbMinLab, the company has confirmed the project’s potential for carbon sequestration at Nickel Shaw’s Wellgreen deposit. This ongoing study indicates a carbon sequestration capability of approximately 34.4 kt CO2 per year (2.1 kt CO2 per Mt tailings), resulting in a low-carbon footprint for the project.

Thanks to the mining-friendly Yukon Territory and positive relationships with the First Nations and local governments, Nickel Shäw is on its way to becoming one of the most productive initiatives in the region.

The US and Canada both see nickel and cobalt as critical metals of strategic importance and Stuart Harshaw, president and CEO of Nickel Creek, is confident the organization can help fulfill that need. “We have completed extensive metallurgical test work on the full representation of the deposit to produce a product that can go to market. With our higher value per tonne than other similar projects, Nickel Creek Platinum is well positioned to move forward,” Harshaw said, adding he sees the company “producing nickel for over 25 years.”

Company Highlights

• Nickel Creek Platinum is focused on the Nickel Shäw project, which hosts one of the world’s most promising deposits for nickel, copper, cobalt and PGMs, thanks to pre-existing regional infrastructure and expansive open-pit potential.
• The Nickel Shäw project location is ideal and low-risk, offering access to the Alaska Highway. The company has long-term relationships with large institutional shareholders, and management is highly experienced in related markets and project operations.
• Nickel in general is a vital component in battery technologies and will have a variety of uses for the growing electric vehicle market.
• Nickel Creek Platinum is dedicated not only to providing value for shareholders but also to achieving a carbon-neutral future in a socially responsible way. The organization is working with First Nations groups as well as local governments to minimize waste and promote positive environmental and social impacts.
• University of British Columbia's study on Nickel Shaw’s Wellgreen deposit has confirmed its potential for carbon sequestration.
• The company has filed a technical report titled, Nickel Shäw Ni-Cu-PGM Project PreFeasibility Study for the Nickel Shäw Ni-Cu-PGM Project, Yukon, Canada.